Bellingham Residential Real Estate for August 2012 looks like number of sales were up and and prices were up from last year and last month. If you take a look at the absorption rate chart you will see that we are leaning toward a buyers market.
There are several factors I think will be driving the market for the next several months. Interest rates are still incredibly low and are expected to stay that way for quite some time. Banks have money and they are lending it. Prices are relatively low and housing inventory is still low, I think these factors will create more demand in the marketplace. I also think that with the presidential election coming up this November things will start to get better in the economy no matter who wins and the market will keep recovering.
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